For the first time, the United States approved the transfer of seized assets of a Russian oligarch to Ukraine
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For the first time, the United States approved the confiscation of the assets of a Russian oligarch with their subsequent transfer for the restoration of Ukraine.
He writes about it Financial Times citing authorization granted by US Attorney General Merrick Garland.
Garland said that such decisions will continue to be made. “Although this is the first transfer by the United States of confiscated Russian funds for the reconstruction of Ukraine, it will not be the last,” he said in his statement.
Garland’s decision is linked to last year’s indictment of Russian oligarch and founder of the Kremlin’s propaganda media empire Konstantin Malofeev, who was accused of violating sanctions imposed on him in response to Moscow’s 2014 annexation of Ukraine’s Crimea.
Thus, according to Garland, millions of dollars were seized “from an account in an American financial institution, which is associated with Malofeev’s violation of sanctions.” In February, after a meeting with the Prosecutor General of Ukraine Andriy Kostin, Garland authorized the use of these funds “in Ukraine to compensate for the damage caused by Russia’s unjust war.”
Garland said on Wednesday that the seized money had been handed over to the US State Department and would be earmarked for further transfer to Ukraine.
Since the beginning of Russia’s full-scale invasion of Ukraine, Western officials have been looking for ways to use seized Russian assets for Ukraine’s benefit.
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